Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Here are his replies to some of the 'buy, sell, hold or avoid?' emails that we have received.
If you want his advice on your investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Stock Market Query', along with your name, and Ajit Mishra will offer his unbiased views.
Illustration: Dominic Xavier/Rediff.com
Radha: I hold shares of L&T and Ultratech. Are they good to hold it for long term? Also please advise about Nataraj Ceramic and BOC Ltd, not sure what to do with them as I don't see any trade listing going on for it. Please advise on this as I keep receiving letters from unknown stock brokers quoting the shares I hold with these two companies and offering to buy them. Is it OK to deal with such stock brokers who I not aware of?
Ajit Mishra: Both Ultratech and L&T can be held for long term. For Nataraj Ceramic and BOC Ltd. we would advise you not to deal with other brokers and get your query resolved with the broker where you have a demat account.
S Muthukumar: I am holding the following shares. Please give your expert opinion:
Ajit Mishra:
- ASHOK LEYLAND 50 – Hold
- INDIA BULLS VENTURES 30 - Exit
- INFOSYS LTD 20 - Hold
- NTPC LTD 30 - Hold
- WIPRO LTD 32 - Hold
Mohit Bhatia: I have been holding on to shares of. Since 2 years I have been holding these shares and they don’t seem to be coming to even the price I bought them for. Kindly advise what I should be doing with them!
Ajit Mishra:
1. Spicejet @ 140 – The sector itself is highly cyclical, we would recommend to exit as the entry price of 140 is high.
2. South Indian Bank @ 27 - Exit
Kanchan Agashe: Would like your advice over which shares are best to keep on watchlist for "Intraday" type of trading. Also would like your advice on good shares to invest in a long term investment.
Ajit Mishra: We would suggest preferring the most active list of stocks at NSE India for day trading.
For the long term, we would recommend to invest in stocks like HDFC Bank, Reliance Industries, ICICI Bank, HUL, Dabur, M&M and Maruti.
Babu: I am having the following shares in demat form. Please let me know whether to hold or sell the above shares.
Ajit Mishra:
- EID Parry - 1600 shares - Exit
- Coromandel Fert – 600 – Hold.
- Nagarjuna Fert – 100 - Exit
- Finolex Ind – 200 - Hold
- Dabur India – 100 - Hold
- Reliance Ind – 12 - Hold
Amit Kumar: Please guide me about the following scrips which I am holding right now.
Ajit Mishra:
1. Apex Frozen @ 695 – Exit
2. Avanti Feeds @ 615 - Hold
3. Equitas @ 150 - Hold
4. Glenmark @ 820 - Exit
5. HDFC AMC @ 3000 - Hold
6. M&M @ 690 - Hold
7. PNB @ 120 - Exit
8. SBI @ 320 - Hold
9. Waterbase @ 288 – Hold
10. Yes Bank @ 265 – Exit on bounce. Strong hurdle at 75.
Anonymous: I have the following shares in my portfolio. Which ones to hold, exit and add?
Ajit Mishra:
- Adani Port – Hold
- Tata Motors – Hold only if you have 3-4 year view
- Reliance Industries - Hold
- Tata Steel - Hold
- Ashok Leyland - Hold
- Cipla - Hold
- Sun Pharma - Exit
- ITC - Hold
- Wipro - Hold
- NMDC - Hold
- NTPC - Hold
- Canara Bank - Exit
- BOB - Hold
- BOI - Exit
- SBI - Hold
- SBI Nifty 50 - Hold
- SBI Nifty Bank - Hold
- ONGC - Hold
- GAIL - Hold
- PETRONET - Hold
- INDIABULLS - Exit
- HDFC AMC - Hold
Alias Yacob: I am holding following shares for a long time. Please advise whether to hold or sell them?
Ajit Mishra:
1) Hindustan Urban Infrastructure - 25 @ 1100 - Exit
2) MMTC - 75 @ 90 - Exit
3) GVK Power - 200 @ 55 - Exit
4) North Eastern - 500 @ 65 - Exit
5) Sintex Industries - 7500 @ 35 - Exit
S Karthikeyan: Kindly suggest whether I can hold, sell/buy for average or switch over to other stocks from the following stock holdings. Holding both these stocks for more than 5 years now. Thanks in advance.
Ajit Mishra:
- Bank of Baroda 1000 @189 – Hold, can average 50% quantity
- Union Bank of India 1175 @ 224 - Exit
Hemendra Solanki: I am holding following shares for a long time. Please advise whether to hold or sell them.
Ajit Mishra:
- Advance Meter - Exit
- Allcargo - Exit
- Avadh Sugar - Exit
- Bharat Immuno - Exit
- CRISIL - Hold
- Cosmo Films - Exit
- DCB Bank - Exit
- Eon Electric - Exit
- Eris Life - Exit
- Expleo Solution - Exit
- GMR Infra - Exit
- GTPL Hathway - Exit
- Golden Tobacco - Exit
- HFCL - Exit
- HUDCO - Exit
- IFCI - Exit
- IOC - Hold
- ITC - Hold
- Innovative Tyre - Exit
- JSW Steel - Hold
- NMDC - Hold
- Opto Circuits - Exit
- Palash Securiti - Exit
- Pidilite Ind - Hold
- Reliance Power - Exit
- Suraj - Exit
- TCS - Hold
- Windsor Machines - Exit
- Wipro - Hold
Manish Zamre: I have the following holdings in my portfolio. Please advise.
Ajit Mishra:
1) Mirc Electronics 1300 @ 17.10 - Exit
2) Tata Motors 350 @ 176.51 – Hold only if 3-4 year view or Exit
3) GVK 4000 @ 7.20 - Exit
Vikas Jain: I have a demat ac at Karvy Stock Broking. Their statement shows all holdings. Please answer my queries.
Ajit Mishra:
- Is the holding safe in my demat a/c? -- Given the current scenario, it would be prudent to remove the holdings from your Karvy Demat Account.
- I sent them the DIS slips transferring my holdings to another demat a/c on 27/11/2019 but till today the transfer has not been done. What action can I take? – Please get in touch with the regulator (SEBI).
Girish Kumar: Please give your opinion on the following companies:
Ajit Mishra:
1. Chemfab Alkalies - Exit
2. Hind Aluminum Industries - Exit
3. J B Chemicals & Pharmaceuticals - Hold
4. Rajapalayam Mills - Exit
5. Gujarat Industries Power - Exit
6. Nilkamal Plastics - Hold
P C Surana: I am a long-term investor. Kindly provide your advice if I should hold or sell these stocks .
Ajit Mishra:
- Aditya Birla Capital 100 Shares @ 205.00 – Hold
- Aurobindo Pharma 10 Shares @ 844.00 - Hold
- Caplin Labs 25 Shares @414.00 - Exit
- Castrol 200 Shares @200.00 - Hold
- Century Plywood 100 Shares @278.00 - Hold
PRS Murthy: I have following shares. Please advise
Ajit Mishra:
- Adani Green Energy @ 140.9 – Exit
- Dilip Buildcon @ 711 - Exit
- Excel Industries @ 971 - Exit
- GM breweries @ 977 - Exit
- Goa Carbon @ 854 - Exit
- Graphite India @ 972 – Exit
- Guj Alkalies @ 418 - Exit
- Harita Seating @ 678 - Exit
- HEG @ 1685 - Exit
- Hexaware @ 470 - Hold
- IFB @ 1040 - Hold
- Jay Bharat Maruti @ 429 - Exit
- JBM Auto @ 369 - Exit
- Jindal Stainless Hissar @ 168 - Hold
- Jindal Worldwide @ 130 - Exit
- Kanchi Karpooram @ 353 - Exit
- Sarda Energy @ 460 - Exit
- Shaily Engg @ 1088 - Exit
- Sreeleathers @ 208 - Exit
Anonymous: Pl advice on non-moving shares like these: Shree Ganesh Jewellery, Polytex India, Parekh Aluminex, Kemrock Industries, Everonn Education, Educomp Solutions and Core Education & Technologies.
Ajit Mishra: Please try to exit these stocks at any opportunity.
Vijay Vank: I have 49 shares @ 400 of Caplin Point Lab. What should I do?
Ajit Mishra: Exit the stock.
Vivek K P: I am an investor in stock market since two years now. I have bought couple of shares one month back and those are little down. I sincerely need your valuable advice on how to move forward. Here the details of the stocks.
Ajit Mishra:
- 3000 GAIL @ 137 - Hold
- 3000 IOC @ 136 – Hold
- 5000 FACT @ 40 - Exit
- 2000 GNFC @ 210 - Exit
Vedamurthi Hari: I am having these shares and need your kind advice whether to hold /add/exit. Kindly recommend stocks to add on monthly basis.
Ajit Mishra:
- Sterling and Wilson 57 @ 780 - Exit
- Coffee Day 200 @ 79.5 - Exit
- Canfin Homes 10 @ 392.5 - Hold
- Hindalco 20 @ 199.27 - Hold
- Arihant Super 100 @ 33.85 - Exit
- Petronet LNG 60 @ 266.5 - Hold
- Petronet LNG 12 @ 274.8 - Hold
- Motilal Oswal NASDAQ 100 ETF 17 @ 555.5 - Hold
- Asian Paints 14 @ 1831.1 - Hold
- Asian Paints 2 @ 1678.4 - Hold
- Godrej Consumer Products 25 @ 736.45 - Hold
- Oil India Limited 100 @ 171.41 - Hold
- Larsen & Toubro 4 @ 1364.65 - Hold
Sandip Sen: Please advise whether I should add/hold/sell the following stocks. I am a long term investor and am prepared to wait for 4/5 years.
Ajit Mishra:
1. National Aluminum @ 48 - Hold
2. NBCC @ 47 - Exit
3. Phillips Carbon @ 136 - Exit
4. GAIL @ 147 - Hold
5. ONGC @ 150 - Hold
6. Coal India @ 219 - Hold
7. Engineers India @ 109 - Exit
8. HDFC AMC @ 3000 - Hold
9. HUL @ 1750 - Hold
10. Vedanta @ 151 - Hold
11. IDFC First @ 39 - Exit
12. SBI Life @ 837 - Hold
13. Biocon @ 221 - Hold
14. Sun Pharma @ 410 - Exit
15. L&T @ 1350 - Hold
16. Reliance Ind @ 1340 - Hold
17. Rites @ 161 - Hold
Ashfaq Gadamphalli: I have seen your valuable advice at Rediff on various holdings of investors. It will be grateful if you could advise us. As I am beginner in stock market which is better holding for 6 months and your views on holding 7NR Retail Limited.
Ajit Mishra: We would recommend exit from 7NR Retail.
For a beginner, better to start with LT and ITC.
Nilesh Naik: Vedant LTD 800 @ 320 per share. What to do?
Ajit Mishra: Stock is highly cyclical, we would recommend you to diversify to other sectors like FMCG, Consumer Durables, Auto and Banks. The company’s fundamentals are decent; one can average 50% at CMP.
S S Ghoshal: Presently I am holding following shares. Please share your suggestions. I have an investment horizon of minimum 10 years to maximum 20 years.
Ajit Mishra:
- Ashok Leyland 64 @ 140.43 – Hold, can average 50%
- Can Fin Home 4 @ 480.20 - Hold
- Federal Bank 80 @ 89.49 - Hold
- Himadri Speciality 70 @ 82.83 - Exit
- Indian Oil 35 @ 143.93 - Hold
- ITC 60 @ 277.57 - Hold
- L&TFH 8 @ 164.38 - Hold
- Megh Mani Organics 100 @ 62 - Hold
- Reliance Industries 42 @ 1284.48 - Hold
Kuldip Goel: I am carrying about 5200 shares of M/s Opto Circuit for last so many years. Above shares were obtained either from IPO or thru bonus shares issued by the company.
The current scenario of the Company seems quite bleak. Kindly advise what should I do?
Ajit Mishra: Please exit the stock due to deteriorating fundamentals of the company.
Piyush Chourey: I have 7000 yes bank share @ 70. Shall I hold?
Ajit Mishra: Yes but use bounce to exit around the buying price. Strong hurdle at 75.
K K Babu: Please give your suggestion on the following shares:
Ajit Mishra:
- Hindustan Zinc Ltd - Hold
- UFO Moviez India Ltd - Exit
- Talbro Automotive components Ltd - Exit
- Veto Switch gears & Cables Ltd - Exit
- Philips Carbon Black Ltd -
- Nila Infrastructures Ltd - Exit
- Nila Spaces Ltd - Exit
- Dilip Buildcon Ltd - Exit
Neha Parab: Kindly advice on the below mentioned stocks: Please guide as I am holding these shares with high price other than HDFC AMC.
Ajit Mishra:
- HDFC AMC - Hold
- Yuken - Exit
- Sandu Pharma - Exit
- Himalaya Food - Exit
- Birla Soft - Exit
- Olectra Greentech - Exit
Amrit Rajawat: I am holding Federal Bank 20 shares @ 116. Currently trading @ 88.5. What should be my line of action?
Ajit Mishra: One can continue to hold the stock for long term.
Shankar Banavasi: I have a doubt regarding sale of IPO listed share sale. I wanted to know that if I buy shares of a company via IPO and sell them on the day of enlisting of its shares on the stock market, will the shares sale attract a short term capital gains tax?
Ajit Mishra: Yes, it will attract short term capital gains tax.
V Srinivas Rao: Kindly give your opinion on below stocks with long term perspective.
Ajit Mishra:
- Biocon 1280 @ 197.38 - Hold
- Amararaja Batteries 31 @ 621 – Exit, prefer Exide.
- ICICI Prudential Mutual Fund ETF 22 528 @ 35.97 - Hold
- HBL Power Systems Limited 495 @ 38.21 - Exit
- HDFC Asset Management Company Limited 10 @ 1416 - Hold
- ITC limited 30 @ 279.90 - Hold
- Kaveri Seeds 45 @ 618.69 (Should I apply for buyback?) – Exit
- Meghmani Organics 110 @ 58.31 - Hold
- NBCC 200 @ 53.15 - Exit
- NHPC 150 @ 27.19 - Hold
- PowerGrid 60 @ 192.13 - Hold
- SJVN 1500 @ 30.43 - Hold
Chandrashekhar: I'm holding 500 of PC Jewellers @ 33. Was expecting upmove above 40 by November month end at least. Need your advice whether to hold or exit.
Ajit Mishra: For long term it’s a sell. Technically, PCJEWELLER is looking extremely weak on the short- term chart. Better to Exit.
Yogesh Vaidya: Please advise about holding of the following shares.
Ajit Mishra:
1) First Source Solutions Ltd – 5000 - Exit
2) Cochin Shipyard – 100 - Hold
3) Elnet Technology – 300 - Exit
4) General Insurance – 100- Exit
5) IEX – 75 - Hold
6) Indian Metals – 50 - Exit
7) MRPL – 500 - Exit
8) Va Tech Wbag – 100 - Exit
9) Tata Motors – 200 – Hold if 3-4 years view
Rajesh Rane: I am holding following shares since last 1 year, please suggest Buy/Sell/HOLD
Ajit Mishra:
- MM FORGINGS BUY 615 / CMP 343 - Hold
- LT FOOD BUY 46 / CMP 23.50 - Exit
- NOCIL BUY 160 / CMP 101 - Exit
- BOMBAY DYEING BUY 256 / CMP 80 - Exit
- NBCC BUY 85 / CMP 36.50 - Exit
- CREST VENTURES BUY@172 / CMP 88 - Exit
Sobhan: I have 100 shares of ICICI BANK. Please suggest what to do.
Ajit Mishra: We have a positive view on the stock, one can continue to hold.
Vaseem Lahori: Please share your thoughts as to what should I do with following stocks. Thanks in advance for your thoughts.
Ajit Mishra:
- Rattan Power - Exit
- Axis Bank - Hold
- DCB Bank - Exit
- HEG - Exit
- Jindal Steel - Hold
- Kajaria Ceramics - Hold
- Larsen & Tubro - Hold
- Motherson Sumi - Exit
- PNB - Exit
- Reliance Power - Exit
- SBI - Hold
- Tata Motors – Hold if 3-4 years view
- Vodafone Idea - Exit
- Walchandnagar - Exit
- Yes Bank - Use bounce to exit. Strong hurdle at 75.
Hemanshu Kothari: Kindly advise about Reliance Industries Ltd. I am holding big lot at 550 (1100 original) since 2007
Ajit Mishra: We have a positive view on the stock, one can continue to hold.
Anand K Swamy: I am holding 10 shares of Mphasis at the rate of 900 per share. I would like to do some trading. What are the possible options?
Ajit Mishra: Currently, it’s hovering in a range 830-890 for past one month or so. Either side breakout will further decide its trend. Existing long positions can be hold with SL at 830.
Nitin Thaker: I am long term investor. Please guide me on my following equity holding, ADD MORE (BUY) / SELL / HOLD:
Ajit Mishra:
- BPCL 216 @ 519 - Hold
- CEAT 58 @ 1,167 - Hold
- HDFC AMC 229 @ 3,609 – Hold, can add around 2,500 levels
- INFY 175 @ 758 - Hold
- United Spirit 566 @ 710 - Hold
Shyam K: I am holding these stocks in my portfolio. I can hold long term for the long term. Please advise.
Ajit Mishra:
- Bandhan Bank 10@500 - Hold
- HDFC AMC 30@1732 - Hold
- HDFC Standard Life: 130@299 - Hold
- Yes Bank 500@216 - Yes but use bounce to exit around the buying price. Strong hurdle at 75.
- Havells 280@278 - Hold
- V Guard 225@185 - Hold
- L&T 60@1116 - Hold
- Varun Beverages 180 @ 435 - Hold
- Petronet LNG 500@115 - Hold
- Adani Port 100@297 - Hold
V B Agarwal: May I seek your advice regarding my portfolio as under:
Ajit Mishra:
- Yes Bank - Yes but use bounce to exit around the buying price. Strong hurdle at 75.
- Reliance Industries – Hold
- L&T - Hold
- Infosys - Hold
- Tech Mahindra - Hold
- Rel N V 20 – Hold
- IDFC First Bank - Exit
Praveen Patil: I am having Sanwaria Consumer Ltd 2500 shares at average of 9.50 from 15 months. What should I do?
Ajit Mishra: Exit the stock.
Tilak Dasgupta: I have the following shares in my portfolio:
Ajit Mishra:
1. HUL@2042 - Hold
2. L&T@1387 - Hold
3. ITC@245 - Hold
4. Dabur@464 - Hold
5. Colgate @1553 - Hold
6. Asian Paints @1680 - Hold
7. SBI Life @973 - Hold
8. Titan @1138 - Hold
9. Berger Paints @484 - Hold
10. Escorts @650 - Hold
Anonymous: I am a long term investor, looking for super-duper, astonishing capital gains. I have shares of only two companies in good quantity. These are Maruti and Infosys.
1. Can you tell me if these two scrips qualify for super-duper capital gains in the long run?
Ajit Mishra: Yes, these stocks can give strong returns in the long term.
2. Which other companies qualify for fantastic capital gains BETTER THAN Maruti Suzuki & Infosys in your order of preference?
Ajit Mishra: HDFC Bank, ICICI Bank, Britannia Industries, Reliance Industries.
If these two are the best & none other BETTER THAN THESE, then say so because I will sell these to buy your recommendation as good quantity can give good capital gains.
Ajit Mishra: It is better to keep a portfolio of stocks, as it will help in diversification.
Disclaimer: This article is meant for information purpose only. This article and information do not constitute a distribution, an endorsement, an investment advice, an offer to buy or sell or the solicitation of an offer to buy or sell any securities/schemes or any other financial products /investment products mentioned in this QnA or an attempt to influence the opinion or behaviour of the investors /recipients.
Any use of the information /any investment and investment related decisions of the investors/recipients are at their sole discretion and risk. Any advice herein is made on a general basis and does not take into account the specific investment objectives of the specific person or group of persons. Opinions expressed herein are subject to change without notice.
